kexim-readies-first-deal-since-february

Kexim readies first deal since February

The Korean quasi-sovereign hires Barclays, Credit Suisse, Morgan Stanley and UBS for a new dual-tranche benchmark offering.
Barclays, Credit Suisse, Morgan Stanley and UBS have been mandated to lead a proposed dual currency Reg-S 144a $1 billion benchmark bond deal for the Export-Import Bank of Korea Kexim. The deal is expected to have a five-year FRN component and a 10-year fixed rate component.

The leads will not be conducting a roadshow for the deal however pricing is expected no later than Wednesday depending on the progress of the bookbuild. Initial guidance on the respective tranches was released on Monday afternoon at the low- to mid-20s over Libor level for the FRN and low- to mid-30s over mid-swaps for the fixed-rate notes.

This deal is somewhat reminiscent of Kexim's initial international debt...
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